Energean signs rig, platform deal with GSP for Epsilon development

Romanian GSP will build a new well-head jacket platform for Energean’s Epsilon field development in Greece. Under the agreement announced on Wednesday, GSP will also provide a jack-up drilling rig for the project.

In order to increase production from the Prinos concession area, Energean Oil & Gas has initiated the Epsilon field development project in the Gulf of Kavala The project comprises an unmanned wellhead platform and three inter-connecting pipelines to the existing Prinos Delta Platform, GSP said.

The new platform – to be named “Lamda” will have two main decks – drilling and production – and a mezzanine deck. It will contain slots to allow up to 15 wells to be drilled.

Lamda platform will usually be unmanned (Image by Energean)

According to available info, Lamda will be both constructed and installed by Romania’s GSP,

Topsides and jacket will be fabricated at GSP shipyard facilities Constanza between 2018 – 2019. Platform piles and base frame are scheduled be installed in 2018. Jacket is expected to be installed on top of piles in 2019, while deck’s installation on jacket and final commissioning is planned for 2019

The GSP scope of work includes the drilling of 3 wells at Lamda Platform location (Aegean Sea), using GSP Jupiter jack-up rig, as well as the installation of the Lamda platform and inter-connecting pipelines.

Energean has recently signed with BP the extension of the long-term off-take agreement for the Prinos field to November 2025.

Earlier in February, Energean signed a $180 million loan with the European Bank for Reconstruction and Development (“EBRD”), the Black Sea Trade and Development Bank, EximBank Romania and Intesa Sanpaolo Bank.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply